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Codebreaker

Hulu might get sold

John Moe Jun 22, 2011

Anyone wanna buy a Hulu? The online TV show and movie repository is widely rumored to be on the block with Yahoo said to be kicking the tires. All this according to the LA TImes, which points out that although Yahoo approached Hulu about a sale, it was done kind of out of the blue. Hulu has not retained the usual brace of advisors that would presage a sale. In fact, the company recently had a restructuring, giving more power to oft-embattled CEO Jason Kilar. But things have been grumbly at Hulu for a long time because it’s a business jointly owned by a bunch of TV networks that doesn’t pay the networks in the manner to which they have grown accustomed. Personally, I have a hard time imagining a Yahoo-owned Hulu getting anywhere near the same level of permissions to show these programs. Another rumor floating around is that Kilar could become CEO of the joint Yahoo-Hulu (Yahulu?) replacing Yahoo CEO Carol Bartz.

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